Author: NBTC

Hedge fund veteran Tom Lee is maintaining bullish conviction on both the stock market and Bitcoin (BTC) following the much-anticipated halving on April 20. In a new interview on CNBC, Lee says the halving, which cut Bitcoin miners’ rewards in half late last week, along with the rise of the Runes protocol, which has helped generate massive amounts of fees for the flagship blockchain, is going to contribute to upward pressure on price. The Fundstrat co-founder, who has been vocally bullish on Bitcoin for many years now, is forecasting a Bitcoin cycle top of $150,000, potentially before the year’s end.…

Non-fungible token (NFT) sales from May 4 to May 11, 2024, saw an 11.35% decline compared to the previous week’s figures. Leading the sales, Bitcoin-based NFT transactions totaled $49.8 million, yet this was a 13% decrease from the preceding week. NFT Marketplace Struggles as Sales Dip for Another Week As another week concludes, the metrics for NFT sales show a decline, falling 11.35% from the previous week. The total sales recorded over the last seven days amounted to $145.41 million, with Bitcoin-based NFTs contributing $49.8 million to this volume. NFT sales figures from May 4 to May 11, 2024, according…

Following the historic approval of 11 spot Bitcoin exchange-traded funds in January, industry observers are now wondering when the United States Securities and Exchange Commission (SEC) could give the green light to an Ethereum equivalent. For those who don’t know, an exchange-traded fund (ETF) is a popular investment vehicle that trades on a stock exchange. It allows investors to buy shares that track the price of an underlying asset—which could be anything from gold and foreign currencies to crypto and tech stocks. If approved, a spot Ethereum ETF—just like a Bitcoin one—would mean a fund manager would take care of…

MetaComp, a fintech company based in Singapore, and asset manager Bosera International have expanded their collaboration. They now introduce Bosera’s crypto ETFs based in Hong Kong to global investors. These include the Bosera HashKey Bitcoin ETF (BOS HSK BTC / 3008.HK) and the Bosera HashKey Ethereum ETF (BOS HSK ETH / 3009.HK). This effort is part of a broader strategy to bridge the gap between traditional financial services and digital asset markets. The Global Impact of Hong Kong’s ETF Offerings Under this partnership, both parties consider integrating Bosera International’s asset management solutions into MetaComp’s CAMP platform. They aim to give…

Welcome to Decrypt’s Week in Polkadot, our regular round-up of the latest developments in the Polkadot ecosystem. The number of monthly active accounts on Polkadot reached an all-time high in April, the highest since the start of 2022 when parachains, one of the ecosystem’s key distinguishing factors, first launched. Meanwhile, ahead of the community vote on Polkadot’s JAM Upgrade being implemented, many parachains, including the smart contract platform Moonbeam, achieved near record highs in active users. ✈️ New heights for activity on Polkadot! In case you missed it, April marked a new ATH for monthly active accounts since the start…

African-inclined Layer-1 blockchain Tórónet has partnered with NexeralID. The alliance aims to bolster user compliance with KYC solutions using NexeralID’s technology. Tórónet, Africa’s first Layer-1 blockchain developed for underserved markets, announced a strategic partnership with NexeraID to improve digital transaction security in Africa. This partnership marks a breakthrough for Africa, establishing new standards for secure and convenient financial transactions. Tórónet to Integrate KYC Protocols As revealed in a press release shared with Crypto News Flash, a key feature of this partnership is the integration of Know Your Customer (KYC) protocols. KYC standards ensure that transactions are secure and compliant with…

Welcome to “Epoch V” of Bitcoin. On April 20 Bitcoin underwent its fourth successful halving, the programmed slashing of the amount of new bitcoin (BTC) that enters into circulation via mining. While the event itself is a bit of a barnburner — a moment for people around the world to celebrate virtually and in person — many eyes are on what is to come. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here. The launch of Runes, a new…

PALM BEACH, FL. — During his first stint in the White House Donald Trump was no fan of cryptocurrencies; he once tweeted they were “based on thin air.” He later sold millions of dollars worth of NFTs. This week, he rebranded himself as crypto’s candidate of choice. “If you’re in favor of crypto you’re gonna vote for Trump because they want to end it,” he said at a Wednesday night party in Mar-a-Lago, referring to Democrats and President Joe Biden. He also vowed to make sure his campaign can accept crypto donations. The 77-year-old candidate’s apparent turnabout came as little…

ETH/BTC, the ratio between Ethereum’s value and Bitcoin’s value, fails to recover from a multi-year downtrend. Seasoned Bitcoiner Tuur Demeester, author of Bitcoin Reformation theory, noticed that this crucial indicator lost over one third of its value in two years. ETH/BTC lost 36.4% after this reckless move: Tuur Demeester The ETH/BTC metric is 27.9% down in 12 months, Tuur Demeester noticed in his recent thread on X (formerly Twitter). This is the result of a prolonged downtrend: In two years, Ethereum (ETH) lost 36.4% against Bitcoin (BTC). ETH/BTC1 week: -3.2%1 month: -5.2%3 months: -8.2%6 months: -13.7%1 year: -27.9%2 years: -36.4%…

AgriDex is looking to bring the global agricultural industry on-chain by tokenizing various crops to be bought and sold on its Solana-based marketplace. The tokenization of real-word assets has been gathering momentum in recent months. AgriDex, a Solana-based tokenization platform, said it raised $5 million to bring agricultural commodities on-chain. The pre-seed funding round included investments from Endeavour Ventures, sub-Sarahan African agricultural group African Crops and South African vineyard group Oldenburg Vineyards, the company said by email on Thursday. AgriDex allows various crops to be bought on its marketplace. When finalized, deals are then secured by minting a non-fungible token…